04/06/24
PYUSD is an Ethereum and Solana smartcontract stablecoin fully backed by US dollar deposits, US treasuries, and similar cash equivalents. You can buy and sell 1 PYUSD for 1 USD on PayPal. PayPal USD is issued by Paxos Trust Company, LLC (Paxos).
04/04/22
An USD-pegged stablecoin called Magic Internet Money (MIM) minted on Abracadabra Money DeFi platform. Collaterals are made of other tokens (stable or not) locked by users to borrrow the MIM. Abracadabra Money allows users to earn some interest for bringing collaterals, but also measures its quality, so You can expect liquidation - sometimes users can remain only with MIM, especially if collaterals are going weak. This is very new model for minting stablcoins and potentially this the way to produce very first true decentralized stablecoin in history. Other stable token collaterals (UST, USDC) are deprecated now, which is good because of cascade collaterisation of stable coins can be risky for crypto market.
02/04/22
BUSD is a fully centralized stablecoin pegged to the U.S. dollar. Paxos Trust Co. is the USD custodian and issuer of BUSD on Ethereum Network. Paxos publish monthly attestations, but only for USDP, not BUSD. Minting on BNB/BSC chains are not under control of any institutions. BUSD lack of transparency and collaterization details is defiant, but this is trusted Binance trademark.
19/03/22
DAI is an Ethereum ERC20 stablecoin whose issuance and development is managed by decentralized autonomous organization - the Maker Protocol and the MakerDAO . The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted. Dai is the second-largest decentralized stablecoin by market capitalization ( compete with Terraâ??s native stablecoin â?? UST), and fifth of all stablecoins.
MKR holders are responsible for governing the Maker Protocol, which includes adjusting policy for the Dai stablecoin, choosing new collateral types, and improving governance itself. Anyone can be an MKR holder.
13/03/22
USDC provides a fully collateralized US dollar stablecoin centrally managed by Circle, Coinbase and more. Coin (USDC) is available as an Ethereum ERC-20, Algorand ASA, Avalanche ERC-20, Hedera SDK, Solana SPL, Stellar asset, and TRON TRC-20. USD collaterals are verified by reports by Grant Thornton LLP every month. USDC is the fifth cryptocurrency in the world with a capitalization of USD 50 billion and a daily turnover of USD 2.5 billion.
03/03/22
Centralized Stablecoin issued by the Hong Kong company Tether Limited on decentralized networks. In February 2022, total market capitalization makes Tether the third largest cryptocurrency - if you can even call it that - right after Bitcoin and Ethereum. Supported blockchains are Bitcoin (Omni & Liquid protocol), Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash (SLP). The promise is: "All Tether tokens are pegged at 1-to-1 with a matching fiat currency (eg, 1 USD â?Ž = 1 USD) and are backed 100% by Tether's reserves. The reserves match or exceed the amount required to redeem all Tether tokens in circulation. "
